The following provisions apply for the purposes of enabling the Pensions Regulator1 to decide whether it is satisfied that the persons involved in a master trust scheme2 are fit and proper persons3.
The Pensions Regulator must assess whether each of the following is a fit and proper person to act in relation to the scheme in the capacity mentioned:
(1) a person who establishes the scheme4;
(2) a trustee5;
(3) a person who (alone or with others) has power to appoint or remove a trustee6;
(4) a person who (alone or with others) has power to vary the terms of
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